Please help me to reconcile gst site electronic credit ledger balance at the end of year with the books of accounts at the end of year.please explain how to reconcile
Electronic credit ledger vs books of Accounts
Replies (3)
Quick Summary
Each and every month proper entries has to be passed in the Books of Accounts / Accounting Software maintained, for Adjustment of Input Credit against Out put liability and statement has to be maintained for Tax Invoices which has been not disclosed in GSTR 2A / 2B.
Further at the end of year you have to prepare a statement as attached herewith. Various methods will be followed in the industry for reconcile the ITC. I have attached which I have maintained.
Closing balances as per statement has to be matched with Books of Accounts and Electronic Credit Ledger in GST Portal.
Please send GST reconciliation formats like Credit Ledger and Cash Ledger V.S Books of Accounts and other ITC credit book V.s.GSTR 2b recobciliation formats.
Dear,
Fee Download GST reconciliation excel utility to simplify your GST reconciliation tasks and optimize your GST filing process today.
Link - xltool.in/gst-reconciliation/ | www.xltool.in
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
